Easy - Hard
What is Agribusiness?
Commerce in Farming related activties
Agriculture Economics
an applied social science that deals with how producers, consumers, and societies use scarce resources in the production, marketing, and consumption of food and fiber products.
Commodity
Economic good like a product of agri
Cooperative
Mutal working together
Yield
To produce
Export
Send out supplies to a country
Subsidy
Benefit giving individual business
Farm Credit
Provides loans to farmers and ranchers
Market Price
the price determined by supply and demand
Vertical Integration
Practice where a single entity controls the entire process of a product, from the raw materials to distribution
Import
bring (goods or services) into a country from abroad for sale.
Operating Expenses
Expenses that you have to pay from your business
Input Cost
the price of the resources used to make products
Farm-to-table
Path of food from the growth of raw product, through processing, preparation, and presentation, to the final consumer.
Risk Management
Path of food from the growth of raw product, through processing, preparation, and presentation, to the final consumer.
Supply Chain
the connected chain of all of the business entities, both internal and external to the company, that perform or support the logistics function
Collateral
A security pledged for the repayment loan
Liabilities
debts that you owe
Cash Flow
Cash coming in a business
Balance Sheet
A report of assets, liabitlies, and equity
Diversification
Spreading of your investments both among and different class.
Credit Score
Indicates how good of the money you use
Net Worth
Value of all assets
Depreciation
Decrease of a asset
Income Statement
A statement show your revenue and expenses.